Former Montgomery Bank Employee Convicted In Financial Fraud Case

Former Montgomery Bank Employee Convicted In Financial Fraud Case

The charges relate to Franklin’s time as a bank teller at BB&T between June 2015 and July 2017. According to the U.S. attorney’s office, an internal audit revealed that the vault drawers under her control were short $202,000. Franklin was indicted by a federal grand jury in April on charges related to theft or embezzlement by a bank employee, bank fraud and wire fraud.

Evidence showed she gave a bank investigator a written admission to embezzling the money. Prosecutors say she confessed to this too and admitted gambling with the money at casinos.

Finally, the jury heard evidence that Franklin stole from Goodwyn Middle School when she worked as a bookkeeper there from September 2017 to June 2018. Evidence at trial established that she stole at least $13,216 in money and property that belonged to the school. The United States Secret Service and the Alabama Attorney General’s Office investigated this case.

Prosecutors say she admitted this to a Wells Fargo investigator. The jury also heard evidence that from January 2012 to December 2014, Franklin was a personal banker at a Wells Fargo branch in downtown Montgomery. Evidence showed that in October 2014, she used her Wells Fargo credentials to get a debit card to make numerous ATM check deposits into and immediate cash withdrawals from an elderly customer’s account.

Source www.wsfa.com Copyright 2021 WSFA 12 News. All rights reserved.

News Highlights Business

  • Former Montgomery Bank Employee Convicted In Financial Fraud Case
  • Check all news and articles from the Business news updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.
For Latest Updates Follow us on Google News
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0